NOT LISTED FOR SALE

Estimated Value: $831,000 - $862,827

2 Beds
2 Baths
1,901 Sq Ft
$450/mo HOA Fee

Last Sold July 08, 2022

Last sale price $830,000 $437 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $5,521/month

3 Days on Market

Highlights

  • Primary Bedroom Suite
  • 2-minute walk to Pacific Station
  • 1 Car Attached Garage
  • Long Beach Polytechnic High School Rated A
  • City Lights View
  • 5-minute walk to Harvey Milk Promenade Park

About This Home

As of July 2022

Rarely available 2 bedroom/2 bathroom loft Iconic Kress Loft building est. 1925. This urban chic masterpiece boasts over 1900 square feet of NY Style cool factor. Concrete floors, expansive windows, vaulted 14-foot ceilings, and exposed brick are all on display in this Historic Landmark Loft. Unit provides a deeded parking spot and washer/dryer enclosure. Breathtaking panoramic views await you from the rooftop deck, well appointed with a gas BBQ, high quality outdoor furniture and a lovely dining area. In the heart of the electric Downtown Long Beach Entertainment district, featuring gourmet eats, nightclubs, Convention Center, Performing Arts Center, the Pike, and the Waterfront. Metro Blue line is less than a block away granting access to all of LA. The Kress has been awarded Mills Act protection, making it one of the few complexes offering significant property tax savings for its residents.

Last Agent to Sell the Property

William Hayward

Y Realty License #01722898 Listed on: 06/13/2022

Last Buyer's Agent

Donna Rose-Haim

Rodeo Realty

Rodeo Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,330

Year Built

  • Built in 1925

Lot Details

  • 0.35

HOA Fees

  • $450 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Interior Spaces

  • 1,901 Sq Ft Home
  • City Lights Views

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Additional Features

  • 1 Common Wall
  • Urban Location

Community Details

  • Kress HOA, Phone Number (310) 294-5370
  • Bali Management HOA

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 50924
  • Assessor Parcel Number 7280009021

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,330

Year Built

Built in 1925

Lot Details

0

HOA Fees

$450 per month

Parking

1

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Inclusions: submit
  • Property Attached: Yes
  • Subdivision Name Other: Kress Lofts
  • View: Yes
  • Zoning: LBCB
  • Property Sub Type: Loft
  • Property Type: Residential
  • Parcel Number: 7280009021
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1901.00 Square Feet
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 436.61
  • Room Type: Master Suite

Exterior Features

  • View: City Lights
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Trash, Sewer, Water
  • Association Fee: 450.00
  • Association Fee Frequency: Monthly
  • Association Name: Kress HOA
  • Phone: 3102945370
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Sidewalks, Urban
  • Association Management: Bali Management

Schools

  • School District: Long Beach Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 15028.00
  • Lot Size Acres: 0.3450

Multi Family

  • Lease Considered: No
  • Lot Size Area: 15028.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 5759.02
  • Tax Lot: 1
  • Tax Tract Number: 50924

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2022
Closed on
Jun 21, 2022
Sold by
Varona Leigh C
Bought by
Long Graham and Smith Ashley Myrta
Seller's Agent
William Hayward
Y Realty
Buyer's Agent
Donna Rose-Haim
Rodeo Realty
List Price
$849,000
Sold Price
$830,000
Premium/Discount to List
-$19,000
-2.24%
Current Estimated Value
$845,457

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,457
Avg. Annual Appreciation
1.18%
Original Mortgage
$705,500
Outstanding Balance
$676,088
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$183,198

Purchase Details

Closed on
Oct 2, 2007
Sold by
Callis Daniel M
Bought by
Varona Leigh C and Varona Vicki

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 9, 2003
Sold by
Edelbrock Corp
Bought by
Callis Daniel M and Callis Terri Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.13%
Mortgage Type
Balloon

Purchase Details

Closed on
Feb 1, 2001
Sold by
Thomas John L
Bought by
Edelbrock Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,200
Interest Rate
6.98%

Purchase Details

Closed on
Aug 24, 2000
Sold by
Thomas John L
Bought by
Thomas John L and John L Thomas Trust

Purchase Details

Closed on
Mar 28, 1996
Sold by
443-449 Pine Avenue Partners Ii Ltd
Bought by
Thomas John L

Purchase Details

Closed on
Jul 27, 1995
Sold by
Thomas Cher
Bought by
Thomas John L
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Long Graham $830,000 Ticor Title
Varona Leigh C $680,000 Ticor Title Co Brea Branch
Callis Daniel M $449,500 Ort
Edelbrock Corp $321,500 North American Title Co
Thomas John L -- --
Thomas John L -- Commonwealth Land Title Co
Thomas John L -- Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Long Graham $705,500
Previous Owner Varona Leigh C $510,400
Previous Owner Varona Leigh C $417,000
Previous Owner Varona Leigh C $127,000
Previous Owner Varona Leigh C $417,000
Previous Owner Callis Daniel M $50,000
Previous Owner Callis Daniel M $250,000
Previous Owner Edelbrock Corp $257,200
Closed Edelbrock Corp $53,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2022 07/08/22 Sold $830,000 -2.2% $437 / Sq Ft
06/16/2022 06/16/22 Pending -- -- --
06/13/2022 06/13/22 For Sale $849,000 -- $447 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,330 $311,000 $162,000 $149,000
2023 $4,922 $359,000 $200,000 $159,000
2022 $4,717 $360,000 $200,000 $160,000
2021 $4,679 $360,000 $200,000 $160,000
2019 $4,221 $291,000 $150,000 $141,000
2018 $8,318 $659,000 $264,000 $395,000
2016 $6,819 $562,000 $225,000 $337,000
2015 $6,638 $562,000 $225,000 $337,000
2014 $5,991 $499,000 $200,000 $299,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22127794

California Regional Multiple Listing Service (CRMLS)

APN: 7280-009-021